Abstract
The recent scientific breakthroughs in genetics have lead to a thriving stem cell industry transforming the way medicine is practiced. This article discusses these developments and presents a case study of Russian research institute in St. Petersburg which is doing state of the art stem cell trials providing successful treatment of blood vessel disease andbone fractures. The potential impact of stem cell technology on regenerative medicine is discussed, the potential convergence of nanoparticle science and its contribution to stem cell research is discussed, and the dynamics of the stem cell industry is presented.
Highlights
In the later parts of 20th century breakthroughs in medical sciences fundamentally changed the science of medicine by the discovery of the human genome
The human genome has the potential to create a whole range of industries with explosive growth potential for global businesses as they have an opportunity to get a solid competitive position at the early stage of the industry’s life cycle (Porter, 1980) and exploit the “blue oceans” (Kim and Maugorgne, 2005) created by this scientific discovery
This article reviews the convergence of genetics, stem cell science, and nanoparticle technology, discusses the dynamics of the stem cell industry’s potential for explosive growth potential, and Russia’s plausible lead in the field
Summary
In the later parts of 20th century breakthroughs in medical sciences fundamentally changed the science of medicine by the discovery of the human genome. For every threat there is a corresponding opportunity so global business can leapfrog the historical development of medical sciences by instituting beneficial investment climate for genetic research and focusing research and development efforts and investment in the exciting field of genetic engineering, which is one the most promising areas in stem cell regenerative medicine. This article reviews the convergence of genetics, stem cell science, and nanoparticle technology, discusses the dynamics of the stem cell industry’s potential for explosive growth potential, and Russia’s plausible lead in the field. The article develops as follows: the potential impact of stem cell technology on regenerative medicine is discussed.
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